Tesla China Rival Following Musk's Playbook? Xpeng Drops LiDAR From Revamped P5 Sedan
Portfolio Pulse from Anan Ashraf
Chinese EV manufacturer XPeng Inc has unveiled its 2024 P5 sedan, which notably does not include LiDAR technology, a feature that was prominent when it first launched in September 2021. Instead, XPeng has opted for NVIDIA’s Xavier smart driving chip in the Pro version, enabling highway NGP functionality. This move aligns with Tesla CEO Elon Musk's criticism of LiDAR technology.
September 25, 2023 | 11:39 am
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XPeng's decision to remove LiDAR from its 2024 P5 sedan could potentially impact its stock price. The move aligns with industry trends and could be seen as a positive by investors.
XPeng's decision to remove LiDAR from its 2024 P5 sedan and instead opt for NVIDIA’s Xavier smart driving chip aligns with industry trends and the views of influential figures such as Tesla CEO Elon Musk. This could be seen as a positive move by investors, potentially leading to a short-term increase in XPeng's stock price.
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